With elevated interest rates and persistently high home prices, American homebuyers have felt firsthand the squeeze on their budgets.
According to real estate mogul Grant Cardone, the necessity for substantially longer mortgage terms is on the horizon.
“The savior of America will not be lower prices, it will be longer mortgages,” he said in a December TikTok video. “In your lifetime, you will see mortgages go from 30 to 40, 50 and maybe even 60 years. You could, if you live long enough, see a 100-year mortgage in America.”
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